4 stories tagged asia on EV Digest.
Vietnamese EV manufacturer VinFast is significantly growing its footprint in the Philippines by collaborating with 13 dealers to open 27 new showrooms. This move marks a major push for the brand to introduce its electric vehicles to the Southeast Asian market, indicating a broader strategy for regional expansion.
Chinese EV manufacturer Leapmotor has ambitious plans to reach 1 million vehicle deliveries by 2028, driven by an aggressive rollout of new models and a significant push into international markets. The company, known for its affordable electric vehicles, aims to capitalize on rising global EV demand through partnerships and diverse product offerings.
Chinese automaker Chery unveiled its latest electric vehicle offerings at the Gaikindo Indonesia International Auto Show (GIIAS). This strategic move positions Indonesia as a key development and launchpad for Chery's expanded EV presence across Southeast Asia, with upcoming debuts planned for the Philippines.
Facing a tough fundraising climate and intense competition, nascent battery manufacturers are increasingly looking to acquire or partner with existing factories in Asia. This strategy allows them to sidestep the immense capital requirements and production hurdles that have challenged ambitious startups like Northvolt.
